Examples of Successful Auction in a sentence
The Trustee shall be reimbursed for its reasonable costs, including expenses associated with engaging any financial advisor, from the Directing Certificateholder if the auction is not a Successful Auction, and, if the auction is a Successful Auction, from the proceeds of the auction before the proceeds are distributed to Certificateholders.
In the event the auction is not a Successful Auction, the Trustee may repeat this process periodically thereafter as directed by the Directing Certificateholder until a Successful Auction is conducted or the Terminator purchases all of the Mortgage Loans and REO Properties pursuant to Section 9.01.
Buyback kWh means the kWh of electricity generated by the EFR Facility which is fed from the EFR Facility into the system of Belmont Light in an applicable Billing Period.
This Agreement shall be terminated upon the normal or early retirement of the Officer under the retirement benefit plan or plans in which he participates pursuant to Section 6 of this Agreement or otherwise.
The following certifications (1) to (7) will be required of each Qualified Bidder and will apply from the time of qualification until the Declaration of a Successful Auction or until the ICC has taken action regarding the auction results.
In the event the auction is not a Successful Auction, the Trustee shall repeat this process as directed by the Directing Certificateholder until a Successful Auction is conducted or the Terminator purchases all of the Mortgage Loans and REO Properties pursuant to Section 9.01.
In the event the auction is not a Successful Auction, the Trustee shall repeat this process at such frequency as directed by the Directing Certificateholder until a Successful Auction is conducted or the Terminator purchases all of the Mortgage Loans and REO Properties pursuant to Section 9.01.
The term " Excess Successful Auction Lot Resources" means, for aan Auction Lot subject to a Secondary CDS Auction, excess Auction Lot Resources from one or more other Auction Lots (other than Failed Auction Lots) in excess of the amount necessary to pay the amounts owed for all CDS Contracts at the Primary CDS Auction Clearing Prices or Secondary CDS Auction Prices (as applicable) for such other Auction Lot(s).
In the event the auction is not a Successful Auction, the Trustee may repeat this process periodically, at the direction of the Directing Certificateholder until a Successful Auction is conducted or the Terminator purchases all of the Mortgage Loans and REO Properties pursuant to Section 9.01.
In exceptional circumstances, with prior intimation to the Liquidator in writing with reasons recorded for delay, the Successful Auction Purchaser may be allowed to make the balance sale consideration of 75% beyond a period of 90 days (along with intere st @12% p.a.) provided the Liquidator and SCC is satisfied with the reasons recorded and documentary evidence placed with such request.